Economic Impact Summary 2023

[Dukeicon]

An Economic Impact Summary for 2023 has been added to the GF website.
 

Quote

 

Since it began as a small-scale event on a dairy farm in 1970, Glastonbury has become one of the world’s biggest festivals. In 2023, more than 140,000 ticket-holders enjoyed entertainment at over 100 stages across five days, in the heart of Somerset. Celebrating diversity in culture, Glastonbury has become a place of joy and discovery for attendees, but the Festival has also proven to have a positive influence beyond the arts.

In 2023 we commissioned a report to measure the Festival’s economic impact, in both the immediate local economy and the wider economic environment. The report, carried out by research specialists Fourth Street, found Glastonbury Festival to have a significant positive economic impact both nationally and in Somerset, generating around £168 million of income for UK businesses including £32 million for businesses based in Somerset.

 

Full Report: https://www.glastonburyfestivals.co.uk/information/educational-resources/economic-impact-summary-2023/

[Yoghurt on a Stick]

That was an interesting read, and goes someway to explaining the scale of the 'beast' that is Glastonbury Festival.

However, is the sample (see below) mathematically an OK sample number wise? I have no idea. Just asking, is all. 

 

The report was based on a survey of 643 Festival-goers – interviewed face-to-face at the 2023 Festival – plus an online survey of 354 Festival staff and 148 volunteers, as well as 30 telephone interviews with local businesses

[Dukeicon]

4 minutes ago, Yoghurt on a Stick said:

That was an interesting read, and goes someway to explaining the scale of the 'beast' that is Glastonbury Festival.

However, is the sample (see below) mathematically an OK sample number wise? I have no idea. Just asking, is all. 

 

The report was based on a survey of 643 Festival-goers – interviewed face-to-face at the 2023 Festival – plus an online survey of 354 Festival staff and 148 volunteers, as well as 30 telephone interviews with local businesses

I've see far worse for beauty product adverts on TV!
"78% of 89 people agree"

[Joshuwarr]

12 minutes ago, Yoghurt on a Stick said:

That was an interesting read, and goes someway to explaining the scale of the 'beast' that is Glastonbury Festival.

However, is the sample (see below) mathematically an OK sample number wise? I have no idea. Just asking, is all. 

 

The report was based on a survey of 643 Festival-goers – interviewed face-to-face at the 2023 Festival – plus an online survey of 354 Festival staff and 148 volunteers, as well as 30 telephone interviews with local businesses

For a festival of this size you'd probably want a survey sample of around 500 people to ensure a high level of accuracy. I suspect the margin of error is kept to within 5%

[Yoghurt on a Stick]

12 minutes ago, Dukeicon said:

I've see far worse for beauty product adverts on TV!
"78% of 89 people agree"

You should stop looking at beauty products on TV 

That way lies madness

[Yoghurt on a Stick]

4 minutes ago, Joshuwarr said:

For a festival of this size you'd probably want a survey sample of around 500 people to ensure a high level of accuracy. I suspect the margin of error is kept to within 5%

I had thought that there might be an 'appropriate' number of people interviewed. Looks like they've nailed it on the numbers front then. 

The figures mentioned / data in the report is impressive stuff.

[clarkete]

1 hour ago, Yoghurt on a Stick said:

However, is the sample (see below) mathematically an OK sample number wise? I have no idea. Just asking, is all. 

 

The report was based on a survey of 643 Festival-goers – interviewed face-to-face at the 2023 Festival – plus an online survey of 354 Festival staff and 148 volunteers, as well as 30 telephone interviews with local businesses

Well you want to know, feel free to work it out 😜

https://www.surveymonkey.com/curiosity/how-many-people-do-i-need-to-take-my-survey/

[Avalon_Fields]

Interesting report. Is the festival required to produce this as part of it’s license? Is this a first, I don’t recall seeing this report before?

[Yoghurt on a Stick]

1 hour ago, clarkete said:

Well you want to know, feel free to work it out 😜

https://www.surveymonkey.com/curiosity/how-many-people-do-i-need-to-take-my-survey/

So, all I have to do is think of the number I first thought of, add 10. divide by 2, and multiply by a number that's going to be drawn out of a tombola, and all will be well with the world?

I think I'll settle for @Joshuwarr's response. My head can deal with that.

[Dukeicon]

46 minutes ago, Avalon_Fields said:

Interesting report. Is the festival required to produce this as part of it’s license? Is this a first, I don’t recall seeing this report before?

They did one in 2007.

https://www.glastonburyfestivals.co.uk/information/educational-resources/economic-impact-survey-2007/

[gigpusher]

46 minutes ago, Avalon_Fields said:

Interesting report. Is the festival required to produce this as part of it’s license? Is this a first, I don’t recall seeing this report before?

Perhaps preparing it in preparation of objections to something? Do you really want to lose x millions by not letting us do y.

[Yoghurt on a Stick]

4 minutes ago, gigpusher said:

Perhaps preparing it in preparation of objections to something? Do you really want to lose x millions by not letting us do y.

I wouldn't like to play you at Cluedo. 

[Yoghurt on a Stick]

By which i mean, yours is a fine question to raise.

[clarkete]

4 hours ago, Yoghurt on a Stick said:

So, all I have to do is think of the number I first thought of, add 10. divide by 2, and multiply by a number that's going to be drawn out of a tombola, and all will be well with the world?

I think I'll settle for @Joshuwarr's response. My head can deal with that.

Same.  My maths is only cse1, hence why I was happy to stop reading it. 

(I could do maths no problem but couldn't see any value in algebra, which was a key difference) 

 

[Leyrulion]

5 hours ago, Avalon_Fields said:

Interesting report. Is the festival required to produce this as part of it’s license? Is this a first, I don’t recall seeing this report before?

I don't think so but it's always handy to have something like this on hand. Being able to show you generate £32 million for the local economy is always helpful!

[tarw]

So the cost of putting on the festival has tripled since 2007. 
Not surprising that tickets have gone up 
 

[Yoghurt on a Stick]

15 hours ago, clarkete said:

Same.  My maths is only cse1, hence why I was happy to stop reading it. 

(I could do maths no problem but couldn't see any value in algebra, which was a key difference) 

 

I flunked two degrees, as I could handle the maths elements. Mind you, one was a Building Surveying degree, and that involved a lot of work in the area of structural mechanics. I'd sit in the class room frozen with fear, as I simply hadn't got a clue what the lecturer was saying. May as well have been talking in Russian. 

[clarkete]

2 hours ago, Yoghurt on a Stick said:

I flunked two degrees, as I could handle the maths elements. Mind you, one was a Building Surveying degree, and that involved a lot of work in the area of structural mechanics. I'd sit in the class room frozen with fear, as I simply hadn't got a clue what the lecturer was saying. May as well have been talking in Russian. 

Ah the good old days when degrees didn't cost you a fortune hopefully 😊

[tarw]

So if there were about 4000 off-site glampers paying a total of £6.5 million that means the average cost is £1625 each. 😱😱😱

[Yoghurt on a Stick]

2 hours ago, clarkete said:

Ah the good old days when degrees didn't cost you a fortune hopefully 😊

The first was certainly in that era. That was when i was supposed to be studying Economics at Essex University. It would be fair to say that I did next to no studying. The second time I was working, and it was day release from my employers.*

* - I once found myself (owing to an internal re-structure) suddenly being in charge of lots of budget money (millions), but having no line manager. I was left to my own devices. As I had already got the section running like a Swiss timepiece, I decided to allow myself to go on an IT course for 2 hours a week. This was at the start. Then I declared to my assistant that it was now a one day a week course. I used to go and do about and hour of IT in the morning, and then go over to a pub opposite, which opened at about 10am. I used to get paid to be in the pub drinking. Is it any wonder this country is on its knees, with bandits like me around!?

[clarkete]

3 hours ago, Yoghurt on a Stick said:

I used to get paid to be in the pub drinking. Is it any wonder this country is on its knees, with bandits like me around!?

Nah you do yourself a gross disservice, you're a mere amateur compared to the government 😉

[Yoghurt on a Stick]

1 hour ago, clarkete said:

Nah you do yourself a gross disservice, you're a mere amateur compared to the government 😉

 

That's so very, very true.

I had the opportunity to be very corrupt (or even plain old corrupt). I even knew how it could be done, without any forensic trace. After I arranged my own redundancy, I told them about the 'fault' in their system of operation, and how it should be negated. They took it up immediately. I don't mention that to glorify in what a great systems analysis I could be. More to tell you that how sh*t I am at corruption.

Edited March 22, 2024 by Yoghurt on a Stick

[Nice hymer]

16 hours ago, tarw said:

So if there were about 4000 off-site glampers paying a total of £6.5 million that means the average cost is £1625 each. 😱😱😱

I've seen Winniebagos with six hospitality tickets being offered for £40,000, that's over £6,500 per person.

Your figure doesn't surprise me...